MB Civic

By Steven Pearlstein | Wednesday, December 27, 2006 | The Washington Post

The widening gap between rich and poor in the US is driven by a mixture of factors, but economist Steven Pearlstein thinks that by far the most important of these is the chronic US trade deficit. In effect, the US spends 106% of its income, a state of affairs that would not be sustainable in any other country. Artificially low interest rates drive the process still further. The incoming Democratic Congress must take on America’s economic troubles and promptly pass measures to slow down and eventually reverse the record breaking national debt accumulated under the ‘leadership’ of The Decider and his back-room cronies…BS

http://www.washingtonpost.com/wp-dyn/content/article/2006/12/26/AR2006122600863.html